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Mortgage Market Update
My Mortgage Company
Travis Lang — Travis Lang
Thursday, September 3, 2026
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What kind of loan fits your life right now? |
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Hi there. This week I want to talk about loan programs—because the mortgage you choose today should match where you are and where you're headed.
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National Mortgage Rates · August 27, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Loan Programs
Which loan type is right for your situation?
Not all mortgages are created equal. Depending on where you are in life—whether you're a first-time buyer, building equity, or looking to switch loans—different programs serve different needs. Some borrowers benefit from fixed-rate stability; others find flexibility in adjustable terms. Government-backed programs can open doors for buyers with smaller down payments. The right fit depends on your timeline, risk tolerance, and financial goals. I'd be happy to walk through your options and help you understand which program aligns best with what you're trying to accomplish. Reach out, and we can talk through what makes the most sense for you.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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1.
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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2.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Travis Lang — Travis Lang
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